Borradores de Economia
Número:
723
Publicado:
Clasificación JEL:
E32, E37, E44, E51, C53
Palabras clave:
Early Warning Indicator, Credit booms, business cycles, Emerging Markets
Lo más reciente
Aarón Levi Garavito-Acosta, Wilmer Martinez-Rivera, Camilo González-Sabogal, Johanna Barbosa-Buitrago, Nathaly Vergel-Serrano
Nicol Valeria Rodríguez-Rodríguez, Sebastián Quintero-Uribe, Johanna Barbosa-Buitrago
Zhibiao Zhao, Manuel Darío Hernández-Bejarano
In this paper, we propose an alternative methodology to determine the existence of credit booms, which is a complex and crucial issue for policymakers. In particular, we exploit the Mendoza and Terrones (2008)’s idea that macroeconomic aggregates other th